Idea Cellular has been granted approval by the Gujarat High Court to demerge its passive infrastructure into a wholly owned subsidiary, Idea Cellular Towers Infrastructure.

Idea Cellular has been granted approval by the Gujarat High Court to demerge its passive infrastructure into a wholly owned subsidiary, Idea Cellular Towers Infrastructure. Idea’s 16 per cent stake in Indus Towers, its joint venture (JV) with Bharti Airtel and Vodafone Essar, will now be held through the new tower company.